{"data":{"id":"us-az/a.r.s.-47-8505","jurisdiction":"us-az","citation":"A.R.S. § 47-8505","heading":"Duty of securities intermediary with respect to payments and distributions","body":"A. A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary satisfies the duty if:\n\n1. The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n\n2. In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to attempt to obtain the payment or distribution.\n\nB. A securities intermediary is obligated to its entitlement holder for a payment or distribution made by the issuer of a financial asset if the payment or distribution is received by the securities intermediary.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/08505.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"d1ce138d2ee11b138a781fb8883ae4d13fef70d11fc84865687af73296de753a","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-8504","next":"us-az/a.r.s.-47-8506"},"notice":"GroundRules: Original legal text. Not legal advice."}